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Holding Mid-range Having closed...>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Holding Mid-range
Having closed above the 100-dma and 50% retracement level yesterday, EURUSD
extended gains through Europe to 1.1514 before fading. A positive close today,
although now unlikely, would see bulls focus turn to the 200-dma & YTD high
1.1563/70. Bears initially need a close back below 1.1400 and the 50-dma before
targeting the 1.1300/05 area, below which would suggest a return to the Nov lows
& long-term 61.8% fibo at 1.1216/13.

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